myclass24your class. your pace.

AccountancyCLASS 11CBSE

answered 23 Jun 2026

'Accounting is the language of a business'. Explain.

A.VERIFIED ANSWERfact-checked by tutors

Language is a means of communicating one's views and opinions.

In the same way, accounting communicates financial information relating to a business to its interested users in a systematic manner.

So, accounting is the language of a business.

Suggested Q&A

ACCOUNTANCY · CLASS 11

AccountancyCLASS 11
What is meant by Assets? Also explain its types.
AccountancyCLASS 11
Explain the following terms of Accounting: (a) Sales (b) Revenues (c) Profit (d) Gain (e) Loss (f) Discount (g) Drawings.
AccountancyCLASS 11
Describe the informational needs of external users.
AccountancyCLASS 11
Explain any five advantages of Accounting.
AccountancyCLASS 11
Explain any five limitations of Accounting.
AccountancyCLASS 11
Explain the following terms of Accounting: (a) Expenses (b) Expenditure (c) Debtors (d) Creditors (e) Voucher.